Nigerian defense technology startup Terra Industries co-founded by tech entrepreneurs Nathan Nwachuku and Maxwell Maduka has raised 11.75 million as it steps out of stealth, positioning itself to build what it describes as Africas first homegrown defense technology prime focused on autonomous security systems for critical infrastructure.
The funding round was led by U.S. venture firm 8VC, founded by Palantir co-founder Joe Lonsdale, with participation from Valor Equity Partners, Lux Capital, SV Angel, Leblon Capital, Silent Ventures, Nova Global, and angel investors including Micky Malka. Alex Moore, a defense partner at 8VC and a board director at Palantir, joined Terra Industries board last year.
Terra raises 11.75 million for security
